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Know what you can reasonably afford during property division

On Behalf of | Feb 21, 2020 | High Net-Worth Divorce

People who amassed a lot of assets during the course of their marriage will often have a complex time trying to divide everything if their union ends. These divorces require that you split everything up, but this often takes a lot of thought. Anyone who’s in this position should take the time to think about what they can reasonably support when the marriage is over.

We know that many people know the financial situation they’re facing when they go through a divorce. Not only are you dealing with the loss of your spouse’s income, you’re also working with an increase in bills because of the expense related to the divorce.

One of the most important ways you can protect yourself during this process is to set a budget based on your income only. This gives you a chance to find out exactly where you stand financially. Instead of guessing about what you can afford each month, you can have a firm number that you can use when you’re thinking about the costs associated with some assets.

We understand that things might be tight financially, especially in the early days of the divorce. We’ll work with you to figure out what type of property divisions settlement might be appropriate for you so that we can try to negotiate terms as close to it as possible.

Of course, there are sometimes sentimental assets that we need to consider. Let us know this upfront so we can determine how we might be able to address these. It’s important to find the balance that’s in your best interests.

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